5, PARKWAY, ILFORD, IG3 9HS - £591,000

5 PARKWAY is a midsized extended detached house of 131m², built sometime between 1930 and 1949. It was last sold for £591,000 in November 2010, which was around 8% above the average November 2010 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

5 PARKWAY Sold Prices

Land registry data shows two sales for 5 PARKWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. One of the two 5 PARKWAY sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 18 NOV	£591,000	£547,484	8% above HPI
2009 25 AUG	£415,000	£476,340	13% below HPI

5 PARKWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 5 PARKWAY sales from August 2009 and November 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2010 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 5 PARKWAY?

5 PARKWAY is 131m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 5 PARKWAY lies on this distribution: 42% of detached houses are smaller than 5 PARKWAY, and 58% of houses are larger. Note that EPC data is not available for all properties in London.

5 PARKWAY: Plot and Title Map

5 PARKWAY sits on a plot of roughly 0.173 of an acre, or 701m². The below map shows the location of 5 PARKWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 PARKWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 PARKWAY?

5 PARKWAY is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 5 on PARKWAY.